Arthur J. Gallagher & Co. announced the acquisition of Romford, Essex-based Devitt Insurance Services Ltd. in the United Kingdom.
Terms of the transaction were not disclosed.
Founded in 1936, Devitt is a privately owned retail property/casualty insurance broker, predominantly focusing on coverages for motorcycles and motorhomes. It serves approximately 130,000 customers through a team of 130 colleagues.
William Hughes, Tony Chapman and their associates will continue to operate from their current locations in Romford and Ipswich, Suffolk, under the direction of SME and Personal Lines Managing Director Gareth Birch.
“Devitt is a highly regarded business and culturally is a great fit with Gallagher,” said J. Patrick Gallagher Jr., chairman, president and CEO. “The business’s impressive specialist expertise is complementary to our existing UK Retail niche practices, extends our affinity partnership reach and further enhances our digital capabilities. I am delighted to welcome William, Tony and their associates to Gallagher.”
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 68 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
Was this article valuable?
Here are more articles you may enjoy.
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report 
Labor Market Study: 14% of Carriers Plan to Reduce Headcounts 
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy 
Manufacturers Hit by Soaring Property Insurance Costs 
